Jinwu Financial News | Sinotruk (03808) showed a positive trend and increased in the afternoon. As of press release, it reported HK$23.05, up 4.54%, with a turnover of HK$957.942 million.
CMB International said it will continue to be optimistic about heavy trucks in the short term. China's liquefied natural gas prices have fallen > 40% year to date, but diesel prices have remained high against the backdrop of rising oil prices. According to the bank's calculations, the current price ratio of natural gas/diesel is <0.6 times, and the price difference has increased significantly compared to 0.9 times at the end of December 2023, which helps drive demand for heavy natural gas trucks. In terms of performance, the profits of heavy trucks and construction machinery companies listed on Hong Kong stocks in 2023 are generally in line with expectations. The bank continues to be optimistic about Sinotruk's export-driven growth potential.